"Our posture on this bill has always been that as long as coverage is identical for accounts insured by the NCUSIF to FDIC that we don't care what the coverage level is, as long as it's equal, and it is indeed equal." - CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn on the deposit insurance reform legislation introduced in the Senate. "The merger was built on the foundation that credit unions would decide if the work we'd done was adequate and in their best interest. Having a super majority of votes necessary to make the merger happen shows that so many credit unions, both large and small, have a good idea what we're doing and agree with it, and then they exercised their right to vote to move that forward." -Maryland Credit Union League Pres./CEO Mike Beall commenting on the historic vote by affiliated credit unions of the Maryland and D.C. Credit Union League to merge and form the new Maryland-District of Columbia Credit Union Association. "We really didn't expect that many to jump at this but they are." -
Dave Fowler, CUNA Mutual Group assistant vice president, employee benefits compliance, on the number of credit unions there are starting to take action in light of the IRS' unexpected Aug. 15 deadline to establish a 457(b) plan.